Malaysia

Najib’s 1MDB civil suit on hold, pending conclusion of criminal proceedings

This follows mutual agreement among all parties involved, says counsel Tan Sri Muhammad Shafee Abdullah 

Updated 4 years ago · Published on 11 Feb 2022 4:55PM

Najib’s 1MDB civil suit on hold, pending conclusion of criminal proceedings
The US$8 billion (RM33.5 billion) civil suit by 1Malaysia Development Berhad (1MDB) and its four subsidiaries against Datuk Seri Najib Razak and seven others is one of 22 such suits filed to claim over US$23 billion on behalf of 1MDB and its former subsidiary SRC International Sdn Bhd against several individuals allegedly involved in the financial scandal. – Bernama pic, February 11, 2022

KUALA LUMPUR – The court proceedings for the US$8 billion (RM33.5 billion) civil suit by 1Malaysia Development Berhad (1MDB) and its four subsidiaries against Datuk Seri Najib Razak and seven others has been put on hold until the former prime minister’s criminal case related to 1MDB is concluded.

Najib’s counsel Tan Sri Muhammad Shafee Abdullah told reporters that this was after all the parties involved reached a mutual agreement to stay the proceedings.

“As such, Datuk Seri Najib’s application for a stay of proceedings in the civil suit is withdrawn,” he told reporters after attending Najib’s application to stay proceedings before a high court judicial commissioner in chambers today.

The matter was confirmed by lawyer Datuk D. P. Naban, who is representing 1MDB and its subsidiaries – 1MDB Energy Holdings Ltd, 1MDB Energy Ltd, 1MDB Energy (Langat) Ltd, and Global Diversified Investment Company Ltd (formerly known as 1MDB Global Investments Ltd) – as the plaintiffs.

All the companies filed the civil suit on May 7, 2021, and named Najib, former 1MDB finance director Terrence Geh Choh Heng, former counsel Jasmine Loo Ai Swan, former executive director Casey Tang Keng Chee, former chief investment officer Vincent Beng Huat Koh, former chief operating officer Radhi Mohamad, former investment director Kelvin Tan Kay Jim, and former SRC International Sdn Bhd chief executive officer Nik Faisal Ariff Kamil, as defendants.

This was one of the 22 civil suits filed to claim over US$23 billion on behalf of 1MDB and its former subsidiary SRC International Sdn Bhd against several individuals allegedly involved in the financial scandal.

In the writ of summons, all plaintiffs, among others, claimed that the defendants had committed breach of trust, breach of statutory duty, abuse of power, and conspired and misappropriated 1MDB funds.

Najib, 68, who is Pekan MP, faces four charges of abusing his position to obtain RM2.3 billion from 1MDB and 21 money laundering charges involving the same funds.

Najib is also being tried with former 1MDB chief executive officer Arul Kanda Kandasamy for alleged tampering of the 1MDB final audit report. – Bernama, February 11, 2022

Related News

Malaysia / 1h

Najib raises objections to 80% of ex-1MDB CEO’s witness statement over hearsay

Malaysia / 1d

US$620 million returned, not to Najib's account - Angela

Malaysia / 6d

1MDB audit did not cover Najib’s personal accounts, court told

Malaysia / 1w

Shafee seeks to strike out parts of Tony Pua's statement

Malaysia / 1w

Najib must be held accountable for 1MDB's US$5.6 billion loss -  lawyer

Opinion / 2w

BN, you can’t have your cake and eat it too

Spotlight

Malaysia

Najib raises objections to 80% of ex-1MDB CEO’s witness statement over hearsay

Malaysia

Tun Dr Mahathir, Siti Hasmah create ASEAN record

By Alfian Z.M. Tahir

Malaysia

Nanta Linggi to leave Parliament after five terms, may contest new Sarawak state seat

World

Typhoon Dolphin’s remnants swamp Beijing as China braces for more extreme rainfall

Malaysia

Anwar expected to leave hospital today after successful treatment

Malaysia

Husband and wife face death penalty for drug trafficking

Malaysia

Former Subang MP, Wong Chen joins Bersama

Malaysia

Malaysian dies while transiting in Bangkok to Japan (video)

You may be interested

Malaysia

51 witnesses to testify at inquest into death of 10-year-old boy found unconscious in school toilet

Malaysia

Nanta Linggi to leave Parliament after five terms, may contest new Sarawak state seat

Malaysia

Sarawak haze worsens as two areas hit ‘Very Unhealthy’ air quality

Malaysia

Anwar expected to leave hospital today after successful treatment

Malaysia

EC: No by-election for Subang parliamentary seat

Malaysia

Opposition MPs leave Dewan Rakyat, do not take part in RCI TH Minister's briefing

Malaysia

International drug syndicate recruited Portuguese passport holders as ‘cannabis mules’

Malaysia

HKHM 2026 sponsorship soars 118% to RM48.63 million